For Sale
$1,295,000

19528 Kelly RdHarper Woods, MI 48225

High-Traffic, Multi-Tenant Retail Strip

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Harper Woods retail property, located at 19528 Kelly Rd, 48225, presents a compelling investment opportunity. The single-story, 9,440 square foot building boasts six units, currently 100% occupied by a mix of QSR/Fast Food, restaurant, and storefront tenants. Built in 2018, the property offers ample shared parking in both front and rear, ensuring convenient access for customers and tenants. The property's prime location provides easy access to I-94, placing it within a high-traffic area, ideal for maximizing revenue potential. The asking price is $1,295,000, representing a compelling price per square foot of $137.18 and a strong 9.27% cap rate, based on a Net Operating Income (NOI) of $120,100. The property is zoned for commercial use (201- Commercial) and offers significant income generation potential for the savvy investor. This fully leased, multi-tenant building provides immediate cash flow and a stable investment in a thriving commercial area. The property is situated in Wayne County, Michigan, and benefits from its convenient location and high visibility. This is a rare opportunity to acquire a well-maintained, income-producing retail property in a desirable location. The property's strong tenant occupancy and favorable financial metrics make it an attractive investment for those seeking immediate returns and long-term growth.

Property Details for 19528 Kelly Rd

Property type
Retail properties, Restaurants
Square Feet
9,440 SF
Year Renovated
2018
Stories
1
Units
6

Location Insight

City
Harper Woods
County
Wayne
State
Michigan
Latitude
42.4391317
Longitude
-82.9491795
19528 Kelly Rd, Harper Woods, Michigan

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19528 Kelly Rd
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